For many in the US, tariff discussion should be very educational.
For one thing, people now know more about where things are produced and where different parts are coming from.
It asks people to debate what’s really needed to happen in the US and what’s not. And the feasibility of any changes.
Also, without all those analysis and breakdowns, many people probably just complain, but rarely value the importance of global collaborations – that it’s hard to have everything happen in the US.
The entire debate and the prospect of an iPhone city (the whole Boston population is needed) let people understand why those decisions were made in the first place.
The debate is magnified by the financial market. All participants globally need to think about this.
For wealthy people, a more expensive iPhone means nothing. They might see the impact of deglobalization as limited if it’s just things are just getting expensive. But the upheaval and collapse of the financial market will let the wealthy know it’s more than the living cost.